Evaluate resources, other than cash, according to an individual’s equity in the resources.
For purposes of determining eligibility for the subsidy, the equity value of an item
is the price that the item can sell for on the open market in the geographic area
involved, minus any encumbrances. If the individual and the living with spouse have
joint ownership of the resource, determine the individual’s equity value by following
the SSI rules for determining ownership. For information on sole vs. shared ownership,
see SI 01110.510, and for information on determining equity value, see SI 01140.042.